There are multiple ways you can remit money to individuals or businesses that have Indian Overseas Bank account. These include web-based transfer, electronic transfer, personal cheques, and many more. The best one, however, is to perform the remittance via wire transfer.
The bank process money wire transfer handled by SWIFT. Using SWIFT transfer mechanism is the fastest and easiest way to send your funds from abroad countries to India and vice versa because it is a direct, bank-to-bank method of transaction.
To use this service, you will need the beneficiary’s name, their Indian Overseas Bank account number, and the bank and branch name.
All of the Indian Overseas Bank branches around the world is assigned with specific and unique SWIFT code, including the Singapore branch. If you are requested to give the code when performing cross-country transaction, then provide the Indian Overseas Bank Singapore SWIFT code as IOBASGSG or IOBASGSGXXX.
IOBA is the 4-letter code belongs to Indian Overseas Bank, SG is the 2-letter code belongs to Singapore (country), and the other SG is the 2-letter code belongs to Singapore (location). To get started with money wire transfer to Indian Overseas Bank Singapore bank recipient from abroad country, read the list of SWIFT codes below.
|Detailed information about SWIFT Code IOBASGSG|
|Swift code (8 characters)||IOBASGSG|
|Branch name||INDIAN OVERSEAS BANK|
|Branch address||IOB BUILDING 64 CECIL STREET|
|Bank name||INDIAN OVERSEAS BANK|
|SWIFT Code IOBASGSG Breakdown|
|SWIFT Code||IOBASGSG or IOBASGSGXXX|
|Bank Code||IOBA - code assigned to INDIAN OVERSEAS BANK|
|Country Code||SG - code belongs to Singapore|
|Location Code||SG - code represents the institution location|
|Code Status||G - G means active code|
|Branch Code||not assigned or XXX - code indicates this is a head office|